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Labour set to launch Regulatory Innovation Office within months

Hiring has begun for a new pro-growth unit

The new Labour government says it wants to cut red tape to boost growth Nicolas Economou/NurPhoto via Getty Images
The new Labour government says it wants to cut red tape to boost growth Nicolas Economou/NurPhoto via Getty Images

A new government agency that will push financial and other regulators to cut red tape is set to be launch in the coming months, Financial News has learned.

The Labour Party promised to create a Regulatory Innovation Office last October to “end uncertainty for businesses, turbocharge output, and boost economic growth”.  

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